For an agent to be a fiduciary means to:

Question

Quizplus · Accepted Answer

To be a fiduciary means to occupy a position of trust, honesty, and confidence with respect to the principal. This involves acting in the best interest of the principal and avoiding any conflicts of interest. It does not necessarily involve the right or obligation to sell goods belonging to the principal, nor does it include the indemnification of the principal for any losses incurred in a lawsuit (although agents may be held liable for any losses resulting from their breach of fiduciary duty).

For an Agent to Be a Fiduciary Means To